PITTSBURGH-The Performance Review Institute (PRI) has announced the findings of its polls conducted throughout 2008 with regard to the aerospace industry, as part of its Customer Solutions & Support. PRI seeks to advance the interests of the mobility industries through development of performance standards and administration of quality assurance, accreditation and certification programs.
Unsurprisingly, 70% reported that the economy was impacting their business. With the currently global economic situation, together with raw material costs and the exchange rate, this is a difficult time for the industry. In addition, only 32% planned to outsource work overseas in the next year.
In terms of quality, 91% believe that their company root cause corrective action process could be improved.
Moving onto regulatory issues, a minority of 36% stated that they fully understand the impact of ITAR/EAR on their business. With penalties including fines-Boeing was fined $3 million in 2008-and prison terms, it is important to all organizations, not just US-based ones.
Supporting many other reports, 91% of respondents agreed that the aerospace industry is facing a shortage of qualified experienced personnel.
For more information on PRI Customer Solutions & Support visitwww.pri-network.org.
PRI Announces Findings of 2008 Polls
January 12, 2009